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Christopher Marr Of CubeSmart Purchases Self Storage Facility From Jeffrey Stein For $31.5M

Property Image
SOLD
$31,500,000

Florida

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Self Storage118,046 SF
Sold 12/12/2025
the dealdetailscomps
Property Image
SOLD

Christopher Marr Of CubeSmart Purchases Self Storage Facility From Jeffrey Stein For $31.5M

1880 Northeast 123rd Street

See Similar Deals
Self Storage118,046 SF
Sold 12/12/2025
the dealdetailscomps

Summary

FLORIDA
Asset Type:Self Storage
Price Per Square Foot:$266
Total Square Footage:118,046 SF
Transaction Type:Sale

A 118,046-square-foot self-storage facility located at 1880 Northeast 123rd Street in North Miami has been sold for $31.5 million, translating to $267 per square foot. The property, which was built in 2022, features five stories and is situated near the Bal Harbour causeway, operating amid strong regional self-storage demand alongside low vacancy rates.

Summary of transaction details:

  • Property Type: Self Storage
  • Transaction Amount: $31,500,000
  • Square Footage: 118,046
  • Address: 1880 Northeast 123rd Street
  • Market: North Miami
  • Buyer: Christopher Marr - CubeSmart
  • Seller: Jeffrey Stein - Stein Investment Group
  • Price Per Square Foot: $267

Christopher Marr, representing CubeSmart, has acquired the self-storage facility from Jeffrey Stein, who represented Stein Investment Group in the transaction. This deal reflects ongoing investment interest in the self-storage sector within the region.

Players

C
CubeSmart
BUYER

Details

SOLD
IMAGE: Jeffrey Stein & Christopher Marr DATE: 12/12/2025 ADDRESS: 1880 Northeast 123rd Street MARKET: North Miami ASSET TYPE: Self Storage BUYER: Christopher Marr - CubeSmart SELLER: Jeffrey Stein - Stein Investment Group SALE PRICE: $31,500,000 SF: 118,046 ~ PPSF: $267 NOTE: CubeSmart bought a 118,046-square-foot self-storage facility in North Miami for $31.5M from SIG Bal Harbour LLC, led by Jeffrey Stein, at $267 per square foot. The five-story property, built in 2022, sits near the Bal Harbour causeway and trades amid strong regional self-storage demand and low vacancies.

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